@Rafael Frias In 6 years at 55 I’ll have “passive” income of around 10K/month with a combination of 11 doors and a rare Steel Worker’s pension (health insurance included).

I was recently approached by a co-worker who wants to invest in real estate and offered to provide money to purchase one or multiple single family dwellings as rental properties.

Does anyone have experience or thoughts on renting out an illegal fourth unit?

quick followup:  Even as recent as this summer, the local zoning guy sent me emails that my short term rental was not illegal. 

So if the lowest end is at $100,000 for blue collar workers, go in and buy a property using your own money as a deposit.

Once the rate lock loan estimate goes out, whatever fees that are to be paid by you, (discount points), must be disclosed at that point in time of which you signed.If they are applied after the fact, that is illegal and the lender must absorb it.

I know people have had luck in the Ooltewah area with renting to "company" men who are looking for part time housing and there is an Amazon plant there so there is a good about of hourly worker looking for places to stay close by.

I am more than willing to lend a hand if i can do some job shadowing with a general contractor or something of that nature. i am one of the hardest workers you will ever meet so you don't need to worry about some slacker hanging around playing on their phone.

married to realtor here, as a realtor my wife is taxed purely as a 1099 worker so we are paying both sides of FICA on our income at this point. we are discussing creating an S corp to reduce this liability but have several questions. expected income 2021 around 100k. we plan on taking a 50/50 split w2/distribution to keep the IRS happy.1.

Why would a double close be illegal?